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California's Largest Restaurant Brokerage - Specializing in Sales, Acquisitions & Leasing of Restaurants, Bars, Clubs & Related Commercial Buildings

The Market For Selling Restaurants

By in 2004 - Volume 6 with 0 Comments

Restaurant Realty Company is extremely active and this year we have been as busy or busier than past years. A lot of this action is attributed to the excellent diversified inventory of businesses we have for sale including businesses with real estate, franchises, cash flow businesses and well priced assets for sale businesses. Another major reason we are busy is that there is a strong buyer pool which is discussed below.

The major reasons sellers are selling today is as follows:

a. Retirement – Sellers are reaching the age of retirement and are burned out and tired of all the hassles of running a business.

b. Relocation – Some sellers are leaving the area as it is too expensive to live here and they can’t afford the quality of life they desire.

c. Sellers in Trouble – Unfortunately there is a high failure rate in the industry and during challenging economic times there is even a greater percentage of sellers that fail.

D. Partnership Disputes – We are seeing more and more successful businesses that are closing or selling as a result of partner disagreements on how the business should operate.

E. Career Changes – A number of sellers are changing careers as they don’t like the business due to the physical demands which negatively impact their home life and overall happiness.

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About The Author
Steven Zimmerman, CBI, M&AMI, CBB, FIBBA

Steve is the Founder, Principal Broker and Chief Executive Officer of Restaurant Realty Company. Steve has personally sold/leased over 1000 restaurant, bar or club businesses, sold many commercial buildings and completed over 4,000 restaurant valuations since 1996. His real estate experience also includes sales, acquisitions, management and ownership of numerous properties throughout California including restaurants, hotels, apartment buildings, single family houses, an office building and a multi-use retail building. Steve is also the author of Restaurant Dealmaker – An Insider’s Trade Secrets for Buying a Restaurant, Bar or Club available on Amazon. Prior to starting Restaurant Realty Company Steve had over 20 years of restaurant experience and was President and Chief Executive officer of Zim’s Restaurants, which was one of the largest privately owned restaurant chains in the San Francisco Bay Area. READ FULL BIO | HIRE EXPERT WITNESS - LEARN MORE